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Nonprofit · EIN 46-0644861

TURNAROUND INC

Tax-exempt (reinstated) · MCLEAN, VA 22102

Financials

$115K$135K2021$64K$56K2022$0$33K2023$0$15K2024
Revenue Expenses · by fiscal year end
Financials of TURNAROUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2025990-PF$0$14,867-$14,867$10,538$369,296-$358,758
February 29, 2024990-PF$0$32,625-$32,625$11,754$355,645-$343,891
February 28, 2023990-PF$63,727$56,370$7,357$31,932$343,198-$311,266
February 28, 2022990-PF (amended)$114,817$134,549-$19,732$73,904$259,460-$185,556
Financial details: 990-PF for the year ended February 28, 2025

Revenue

Contributions, gifts and grants
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0

Balance sheet and other

Total assets, start of year
$11,754
Total assets, end of year
$10,538
Total liabilities, end of year
$369,296
Net assets, end of year
-$358,758
Fair market value of assets
$10,538

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended February 28, 2025, highest compensation first.

NameTitleHours / weekCompensation
GABI CESAR-MCBRI
1651 OLD MEADOW RD, MCLEAN, VA 22102
SECTRETARY40$0
THOMAS GALLAGHER
1651 OLD MEADOW RD, MCLEAN, VA 22102
PRESIDENT/DIRECTOR0$0
JAMES EDMONDSON
1651 OLD MEADOW RD, MCLEAN, VA 22102
TREASURER0$0
ANNR HARRIS
1651 OLD MEADOW RD, MCLEAN, VA 22102
DIRECTOR0$0
MICHELLE EVANS
1651 OLD MEADOW RD, MCLEAN, VA 22102
DIRECTOR0$0
LORI KAPLAN
1651 OLD MEADOW RD, MCLEAN, VA 22102
DIRECTOR0$0
ARIANA ROYSTER
1651 OLD MEADOW RD, MCLEAN, VA 22102
DIRECTOR0$0
ROBERT CONTEE
1651 OLD MEADOW RD, MCLEAN, VA 22102
DIRECTOR0$0
990-PF for the year ended February 29, 2024: 3 people
NameTitleHours / weekCompensation
GABI CESAR-MCBRI
1651 OLD MEADOW RD, MCLEAN, VA 22102
SECTRETARY40$0
THOMAS GALLAGHER
1651 OLD MEADOW RD, MCLEAN, VA 22102
PRESIDENT/DIRECTOR0$0
JAMES EDMONDSON
1651 OLD MEADOW RD, MCLEAN, VA 22102
TREASURER0$0
990-PF for the year ended February 28, 2023: 3 people
NameTitleHours / weekCompensation
GABI CESAR-MCBRI
1651 OLD MEADOW RD, MCLEAN, VA 22102
SECTRETARY40$0
THOMAS GALLAGHER
1651 OLD MEADOW RD, MCLEAN, VA 22102
PRESIDENT/DIRECTOR0$0
JAMES EDMONDSON
1651 OLD MEADOW RD, MCLEAN, VA 22102
TREASURER0$0
990-PF for the year ended February 28, 2022: 3 people
NameTitleHours / weekCompensation
GABI CESAR-MCBRI
1651 OLD MEADOW RD, McLean, VA 22102
SECRETARY40$19,976
THOMAS GALLAGHER
1651 OLD MEADOW RD, McLean, VA 22102
PRESIDENTDIRECTOR0$0
JAMES EDMONDSON
1651 OLD MEADOW RD, McLean, VA 22102
TREASURER0$0

Address and contacts

Address (IRS master file)
1651 OLD MEADOW RD, MCLEAN, VA 22102-4311
In care of
% E&G GROUP
Signed the 990-PF
THOMAS GALLAGHER, PRESIDENT
Phone
(703) 893-0303
Return prepared by
PBMARES LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025990-PF on file
2023February 29, 2024July 15, 2024990-PF on file

IRS record

EIN
46-0644861
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2017
Accounting year ends
February
Files
Form 990-PF
Assets (IRS master file)
$10,538
Income (IRS master file)
$1

Revocation and reinstatement

Exemption revoked
July 15, 2015
Posted by the IRS
November 10, 2015
Reinstated
Effective July 15, 2015

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFFebruary 2025$0$14,867$10,538XML
990-PFFebruary 2024$0$32,625$11,754XML
990-PFFebruary 2023$63,727$56,370$31,932XML
990February 2022–––IRS
990-PFFebruary 2022$114,817$134,549$73,904XML
990February 2021–––IRS
990-PFFebruary 2021$318,972$349,619$64,636IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0644861).

Questions about TURNAROUND INC

What is the EIN of TURNAROUND INC?
The employer identification number (EIN) of TURNAROUND INC is 46-0644861.
Is TURNAROUND INC tax-exempt?
Yes. The IRS revoked its exemption on July 15, 2015 and reinstated it effective July 15, 2015.
Are donations to TURNAROUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TURNAROUND INC file?
Form 990-PF. Private foundations file every year.
When is the next return of TURNAROUND INC due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TURNAROUND INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended February 2025.
Who are the officers and directors of TURNAROUND INC?
The 990-PF for the year ended February 28, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does TURNAROUND INC have?
On its 990-PF for the year ended February 28, 2025 it reported revenue of $0, expenses of $14,867 and total assets of $10,538 at year end.

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